Global Catamarans Market Report and Forecast 2024-2032

Global Catamarans Market Outlook

The global catamarans market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032, in terms of value.

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Growth of the Sailing Catamarans Market to Bolster the Growth of the Catamarans Industry

Based on type, sailing catamarans accounted for a significant share in the market. There has been an increased demand for sailing catamarans for leisure activities due to its well-equipped inventory, which enhances the safety and comfort of travellers, especially in areas prone to rainstorms. This makes them an excellent mode of sailing transport, thus, aiding the industry growth. Over the forecast period, the market is anticipated to be aided by the rising popularity of sailing sports in regions like Thailand, Greece, Australia, and New Zealand, among others. Meanwhile, the powered catamarans are likely to hold a considerable share in the market, owing to their ability to reach significantly high speeds due to their powerful engines, which makes catamarans at par with other sailing boats.

Based on size, large catamarans are anticipated to account for a significant share in the market as they provide a greater room for the installation of additional systems like generators, power banks, and more.

Increasing Popularity of Sports and Cruising to Augment the Catamarans Industry Growth

On the basis of application, the sports and cruising segment accounts for a significant share in the market. The easy handling, straightforward systems, and enhanced design of catamarans such as Manta 42, Fountaine Pajot Elba 45, and Leopard 48, among others, make them appropriate for sporting and cruising. Therefore, this factor is likely to propel the popularity of catamarans in the forecast period.

Europe to Boost the Growth of the Global Catamarans Industry

Region-wise, the increasing sales of catamarans in Europe can be attributed to their easy availability. This is likely to bolster the market growth in Europe significantly. The market in the region will further be aided by the growing sporting, fishing, and sailing activities in Europe.

Catamaran: Market Segmentation

A catamaran is a geometrically stable, multi-hulled watercraft that was invented by Austronesians. In this watercraft, there are usually two parallel hulls of equal size. Today’s catamarans are generally fibreglass or carbon fibre constructions and are designed in many sizes.

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Based on type, the market is divided into:

• Sailing
• Powered
• Others

The different sizes of the product are:

• Small
• Medium
• Large

The significant applications of the product include:

• Sports and Cruising 
• Passenger Transport
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Travel and Tourism Sector and the Rising Disposable Income to Boost the Growth of the Catamarans Industry

The major factor driving the growth of the industry is the rapid expansion of the travel and tourism sector, which is being supported by the increasing disposable income. The global catamaran market is likely to be driven by the rising inclination of youth towards sports and cruising and the increasing demand for geometrically stable sailing transport. The significant growth of marine tourism is likely to aid the market in the forecast period. The new innovations by the key industry players are expected to further contribute to the market growth.

Key Industry Players in the Global Catamarans Market

The report gives a detailed analysis of the following key players in the global catamarans market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• HanseYachts AG
• African Cats B.V.
• Alumarine Shipyard
• Bavaria Yachtbau GmbH
• Catana Group
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report